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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 13, 1934
Page
10
In New Orleans on June 13 the cotton market showed moderate volume and small price fluctuations. July, October, and December futures rose earlier then eased, closing steady to up or down a few points. exports totaled 26,085 bales and spot prices were steady with mixed middling levels.
Early advances in cotton on foreign and commission buying gave way to liquidation and profit taking as forecasts for showers in western districts and clearer east weather prompted selling. October rose to a new high before retreating. by close, the market was steady with spot middling at 12.30.
Liverpool reports cotton prices steady with limited demand and futures quiet. Quotes show American grades delivering modest gains across strict good middling to good ordinary, with July through May futures positioned around 6.38 to 6.47 pence.
In New Orleans on June 13, prime summer yellow cottonseed oil traded 4.80 to 4.95, prime crude 4.25 to 4.50, with futures for June 4.95 and July 4.98. In New York, bleach able cottonseed oil futures closed steady with June 5.25B and July 5.35, market activity totaling 93 contracts, including 28 switches.
Potatoes on track with 51 of 255 shipments in the U S total 1 019 old stock dull supplies moderate demand slow Idaho russets U S No 1 145 60 commercial grade 1 30 Minnesota round whites partly graded 0 90 russets 0 95 New stock best slightly stronger supplies moderate demand trading slow Triumphs Alabama U S No 1 1 65 1 70 Louisiana 1 62 1 2 slightly decayed 1 40 1 45 Texas 1 60 1 5 U S No 2 slightly decayed 1 90 Oklahoma cobblers 1 50 Louisiana long whites U S No 1 1 65 California White Rose 1 90 North Carolina bbl cobblers U S No 1 fine quality 2 90
Sugar futures advanced in New York with July at 1.60 1 and March at 1.82. By midday gains held, and the close showed 1-3 higher with total sales around 35,500 tons. Notable levels included July 1.60 61, September 1.66 67, December 1.76, January 1.77 1/8, March 1.83 1/8, May 1.88 1/8.
New York June 13 call money steady at 1 percent all day. Time loans steady at 60 days 6 months and 3 to 4 to 1 percent. Prime commercial paper 3 to 4. Bankers acceptances unchanged. Rediscount rate at New York reserve bank 11 3 percent.
New York stocks edged down as grain prices recoiled and profit taking appeared steady. Trading remained dull with about 850000 shares changing hands as investors weighed hopes for a summer market and potential legislation affecting industry and housing.
New York reports irregular stocks with profit-taking easing gains. Bonds steady as U S government issues rise. Curb and foreign markets show mixed moves while cotton and sugar hold firm. Wheat soft on lower futures, corn declines with wheat, cattle and hogs rise with firm tops cited.
Chicago grain prices posted early gains led by corn with July futures rising toward 1.00. Wheat climbed after initial strength but finished at the day’s low, while corn eased from intraday highs and provisions fluctuated from a 2 cent decline to a 10 cent rise.
The article reports Britain deferring all £4 billion in debt payments, citing tax load and lack of incoming debtors. The United States replies refuting the stance, outlining that June 15 instalment of $85.7 million could avert default and that Britain’s debt relations are separate from others. The note invites formal proposals, including potentially payments in kind, for mutual benefit and possible submission to Congress.
Public sale notices issued by the Fourth Judicial District Court Ouachita Parish Louisiana. Listings include Central Savings Bank & Trust Company versus Heard et al with property at Lots 4 and 5 Square 13 T. E. Flournoy First Addition West Monroe to be sold cash with appraisement on July 1934. Also People's Homestead & Savings Association versus Gaskin with Lot Four Chappell's Fairacres addition West Monroe to be sold cash without appraisement on July 7 1934.
Sealed bids invited for earthwork on the east bank of the Mississippi river in Mississippi and court sales set for July 1934 in Monroe Louisiana. Sheriff Milton Coverdale lists multiple property seizures and scheduled auctions including Lot 10 Block 28 and other parcels in West Monroe and Brock areas with terms cash.
Chicago June 13 Hogs 19000 including 6000 direct market active 25 higher. most pigs 3.25 down packing sows 3.25 65 medium weight 200 250 lbs 4.25 50 pigs good and choice 100 10 Ibs 2.50 3.75 Cattle 9500 calves 2500 lower grade steers and yearlings strong to higher early trade on fresh and choice medium and heavy weight steers fully steady vealers steady slaughter cattle 550 900 lbs 5.75 8.50 900 1100 lbs 6.50 9.50 11 1300 lbs 7.00 10.25 1300 1500 lbs 8.00 10.25 common and medium 550 1300 lbs 3.50 8.00 Sheep 5000 spring lambs yearlings opening 25 cents or more lower bulk natives 8.50 75 sheep steady slaughter sheep and lambs spring lambs good and choice 7.75 9.00 lambs 90 lbs down good and choice 6.35 7.75 ewes 90 150 lbs good and choice 1.50 2.25
President Roosevelt said at a semi weekly press conference he is willing to consider payments in goods by European war debtors on a partial basis. The note to Great Britain was not an offer for full payment and reaction abroad was mixed with disfavor in London and possible favor in Paris.
Foreign exchange eased in New York with Britain quoted at 5.04 in demand and cables. Other currencies listed include France 6.60 1-2, Italy 8.60 3-4, Belgium 23.37, Germany 38.15, and Japan 30.00 for Tokyo. Additional pairs cover Switzerland, Spain, Portugal, Argentina, Brazil, and cross rates between Montreal and New York.
Live poultry market report from Chicago dated June 13 lists steady trade with 48 trucks. Prices show hens 12 to 12 1 2 cents, Leghorn hens 9, Rock fryers 24, colored 21, Rock springs 26, colored 24, Rock broilers 18-20, colored 18, Leghorn 14-17, barebacks 14-16, roosters 8, turkeys 10-14, spring ducks 12-15, old stock 8-10, spring geese 13, old 7.
Bids for repairing the St. Joseph courthouse, including a new roof floors sheet metal work and painting,are to be opened July 13. The Monroe company prepared plans and J W Smith and Associates announced the project with an estimated cost of about 14000 this is among few PWA jobs approved in Louisiana.
Dr John G. Snelling who was treated for several days this week at St Francis sanitarium for an eye infection is now in New Orleans and expects to return home within a few days.
Rev. W. C. Scott of the First Methodist church in Monroe plans a brief trip to Boulder Colorado starting around July 1. He will be away only a few days while other family members likely stay until September 1.
Willard Martin, 19, of Delhi, who had surgery for appendicitis at Mosely's clinic Monday, was reported doing fine Wednesday. The note includes a string of company names and stock figures following the medical item.
Witness Murray reported a Dillinger lookalike in a new Illinois licensed sedan seen near Northfield and Baraboo. Officials traced the vehicle to a Chicago couple, while agents combed Minnesota and Wisconsin for the car amid a nationwide manhunt.
Chicago market notes show unsettled butter prices at 13 276 and egg prices with 93 score creamery specials at 24 1 2 to 25. Other grades list 92 to 90 for extras and firsts, with eggs and no butter sales reported.
Louisiana Highway Commission invites sealed proposals for the Monroe Rayville highway project in Ouachita parish. Bid opening is July 3 1934 at 9 45 a m in Baton Rouge. Plan details include NRH 118 B and NR 4601 A.
A readable snippet lists 1933 Chevrolet Coach at 525 dollars and 1932 Chevrolet Cabriolet at 865 dollars with varied prices for 1930 to 1932 models from Chevrolet Ford Oldsmobile Buick lines. Includes pickups and sport coupes with small sums and placeholders.
Windes Motor Co Inc in West Monroe seeks a used Tudor Ford or Chevrolet car for cash. Contact Box 174 Car of News-Star-World via telephone 187.
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